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Japan’s Exports Decline for Sixth Straight Month

Japan’s exports continue to fall as the yen gains on the US dollar, and August’s 15.8% annual rise in exports was well down from a peak in February, when growth rose to 45.3%.

Japanese trade figures show that US-bound exports rose 8.8% from a year earlier, but were much weaker than the 25.9% rise in July. Exports to Asia, which account for more than half of Japan’s total exports, rose 18.6% from August last year, slower than July’s increase of 23.8%.

Source: BBC News

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Posted by Dean Popplewell at 9:37 am UTC, 05/23/2012
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May
24
Today’s Global
Market Events
8:30am

CAD
Corporate Profits q/q
9.0%
USD
Core Durable Goods Orders m/m
1.1% vs. -0.8%
USD
Unemployment Claims
372K vs. 370K
USD
Durable Goods Orders m/m
0.5% vs. -4.0%
9:00am

EUR
ECB President Draghi Speaks
EUR
Belgium NBB Business Climate
-10.6 vs. -10.7
10:30am

USD
FOMC Member Dudley Speaks
USD
Natural Gas Storage
77B vs. 61B
1:00pm

USD
FOMC Member Dudley Speaks
3:00pm

USD
Treasury Sec Geithner Speaks
7:30pm

JPY
Tokyo Core CPI y/y
-0.5% vs. -0.5%
JPY
National Core CPI y/y
0.1% vs. 0.2%